EV maker Hozon raises $691m from three govt-linked investors to speed up IPO plan

EV maker Hozon raises $691m from three govt-linked investors to speed up IPO plan

A blueprint of Hozon's first overseas plant located on the northeast side of Bangkok, Thailand. Sourse: Hozon New Energy Automobile

Chinese electric vehicle (EV) maker Hozon New Energy Automobile signed agreements on Wednesday to raise at least 5 billion yuan ($690.96 million) from three regional government-backed investment firms.

Edited by: Joymitra Rai